Magnera (FRA:W2B) ROCE % : -0.03% (As of Sep. 2024)

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What is Magnera ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Magnera's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.03%.

Magnera ROCE % Historical Data

The historical data trend for Magnera's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Magnera ROCE % Chart

Magnera Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.25

3.57

2.09

-12.67

-0.49

Magnera Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															0.32	0.77	-1.04	1.62	-0.03

Magnera ROCE % Calculation

Magnera's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-5.826	/	( ( (1555.101 - 340.223)	+	(1434.001 - 257.097) )	/ 2 )
	=	-5.826	/	( (1214.878	+	1176.904)	/ 2 )
	=	-5.826	/	1195.891
	=	-0.49 %

Magnera's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.388	/	( ( (1398.166 - 246.489)	+	(1370.982 - 236.779) )	/ 2 )
	=	-0.388	/	( ( 1151.677	+	1134.203 )	/ 2 )
	=	-0.388	/	1142.94
	=	-0.03 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Magnera (FRA:W2B) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Magnera ROCE % Related Terms

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Magnera Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Magnera Corp (FRA:W2B) » Definitions » ROCE %

Comparable Companies

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MAGN:USA

Address

9335 Harris Corners parkway, Suite 300, Charlotte, NC, USA, 28269

Website

https://www.magnera.com

Magnera Corp formerly Glatfelter Corporation manufactures and sells a variety of paper and fiber products. The company's reportable segments are; Composite Fibers, Spunlace. and Airlaid Materials. The Airlaid Materials segment which is also its key revenue generating segment, is a supplier of cellulose-based airlaid nonwoven materials used to manufacture consumer products for end-user markets. The Airlaid Materials segment produces materials used in feminine hygiene, specialty wipes, tabletop, home care, and other consumables. Geographically, the company derives majority of its revenue from Americas and rest from Europe, Middle East, Africa and Asia Pacific markets.

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